The Gug Letter

The Gug Letter

Institutions Fueling Bitcoin

Where is the top?

Joe Guglielmucci's avatar
Joe Guglielmucci
Feb 28, 2021
∙ Paid

In today’s post, we will talk about institutional investing into Bitcoin. Many of these corporations are adding Bitcoin to their balance sheet.

ARK Investment Management LLC owns 20,226 Bitcoin ($4.4B) coming in at the #1 spot for institutional ownership. #2 is KINETICS Internet owns 15,284 Bitcoin.

PayPal is estimated to have purchased over 70% of all …

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